Forex Today: US Dollar slides as risk mood improves, eyes on PMIs

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Here is what you need to know on Thursday, February 22: The US Dollar came lost its traction during the Asian trading hours on Thursday and declined below 104.00, pressured by the improving risk sentiment.

HCOB Manufacturing and Services PMIs for Germany and the Eurozone, S&P Global/CIPS PMIs for the UK and the S&P Global PMIs for the US will be watched closely by participants. In the minutes of the January policy meeting, the Federal Reserve said that most policymakers noted the risks associated with moving too quickly to ease the policy and emphasized the importance of carefully assessing incoming data in judging whether inflation is moving down sustainably to 2%.

74% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . EUR/USD gathered bullish momentum and climbed toward 1.

 

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